Beacon Financial Group Has $970,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Beacon Financial Group lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,991 shares of the basic materials company's stock after selling 4,957 shares during the period. Beacon Financial Group's holdings in DuPont de Nemours were worth $970,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd grew its position in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $28,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $29,000. Finally, Vision Financial Markets LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $31,000. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Down 0.8%

Shares of DD stock opened at $67.38 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $65.21 and a two-hundred day moving average price of $74.06. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The firm has a market cap of $28.20 billion, a P/E ratio of 40.34, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company's revenue was up 4.6% compared to the same quarter last year. Equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DD shares. UBS Group lifted their price target on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Mizuho dropped their price objective on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada dropped their price objective on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.92.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.

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